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Forex pairs in this Article » EUR/USD (New York) - The EUR/USD has maintained a sideways movement during Asian trading, unable to break off of the key 1.3000 barrier thus far.

EUR/USD sideways trading

Presently, the EUR/USD is now negative (-0.01%) at 1.3009 in these moments – the EUR/USD fell below several supportive measures yesterday (1.3060 being the key one), and will look towards additional measures of correction at 1.3000, ahead of 1.2850, notes the Dzhafer Medzhakhed at Chifbaw LLC.

EUR/USD downtrend could continue

According to the Jyske Bank Team, “We recommend selling the EUR/USD as the recent decline has brought the pair into oversold territory. There are still indications that the EUR/USD is in a brief consolidation phase before the downward trend continues.”
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